SCMDOJO

NOVEMBER 20, 2024

Excessive and obsolete inventory can cause a business to fail. One needs to mitigate these challenges and learn how to optimize inventory. Healthy inventory optimization management can help a company flourish like a wealthy field. That is why optimizing inventory and reducing obsolescence is a necessity. Click here!

Inventory Reduction 98

Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction 98

The Logistics of Logistics

JUNE 14, 2024

trillion distortion inventory problem. Trillion Inventory Distortion Problem In this podcast, Karl Swensen, CEO and Co-founder of Pull Logic, discusses how their AI-enabled technology helps retailers, brands, and manufacturers reduce lost sales by addressing supply chain and selling process failure points. Summary: Solving the $1.8

Inventory Reduction 264

Inventory Reduction Inventory Inventory Management Software Modeling 264

RFgen

NOVEMBER 13, 2024

Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?

Inventory Management Software 92

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 92

ToolsGroup

OCTOBER 6, 2021

Optimization is peak efficiency, using the perfect balance of inventory and resources to service customer demand without incurring any unnecessary costs or waste. Optimizing is meaningless without an inventory optimization objective. Of course, inventory optimization is infinitely more complex than yacht racing. Wait, What?

Optimization Software 266

Optimization Software Supply Chain Planning Software Supply Chain Optimization Scenario Planning 266

Logility

JUNE 5, 2024

This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels. Enter Inventory Optimization (IO) as a vital strategy to combat supply chain stress. Yet, recent research suggests a more advanced approach, Multi-Echelon Inventory Optimization (MEIO), surpasses traditional methods.

Optimal Sourcing 185

Optimal Sourcing Inventory Reduction Inventory Management Software Modeling 185

Logistics Viewpoints

JANUARY 21, 2025

Colin Masson, ARC Advisory Groups expert on Industrial AI. Lets delve into the core concepts of AI Agents and multi-agent workflows, their relevance to what ARC Advisory Group calls Industrial AI , and their potential to revolutionize supply chain management.

Supply Chain Planning Software 271

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimization Software 271

Supply Chain Shaman

MAY 24, 2024

When we compare the companies listed on the Gartner Top 25 to peer group results for the period of 2013-2023, we find that 59% of the listed companies score below their peer group on year-over-year growth, 41% below their peer group on inventory turns, and 41% fall below their peer group on Return on Invested Capital (ROIC).

Gartner 354

Gartner Comparison Taiwan Groups 354

Logistics Viewpoints

AUGUST 9, 2022

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management?

Inventory Management Software 255

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 255

Supply Chain Shaman

MARCH 21, 2024

The Company was attempting to gain economies of scale by grouping manufacturing technologies within a common infrastructure to reap the benefits of a co-generation facility, a centralized warehouse, and a talented administrative team. In my forty years of studying supply chain planning, the groups became larger, but with questionable results.

Inventory Reduction 402

Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies Supply Chain Design Software 402

Supply Chain Shaman

MAY 25, 2024

By charting the performance against peer groups, I could see the story. The first step was to find a reliable data set and establish the peer groups. The second step of establishing peer groups was trickier. It took us four years to establish what we believe are representative peer groups based on the performance patterns.

Eliminating Excel in Purchasing 316

Eliminating Excel in Purchasing Gartner Supply Chain Design Supply Chain Strategy 316

Logistics Viewpoints

OCTOBER 17, 2024

An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing. This can help identify potential disruptions early and improve decision-making capabilities, particularly in Purchase Order, Forecast, Inventory and Quality related processes.

Manufacturing Procurement 276

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 276

Logistics Viewpoints

OCTOBER 18, 2024

Now let’s get to the Supply Chain News: Descartes Acquires Sellercloud Descartes Systems Group, a standout provider in logistics solutions, announced its acquisition of Sellercloud, a US-based provider of omnichannel e-commerce solutions.

Price Reduction 274

Price Reduction Inventory Reduction Cost Reduction Strategies Supply Chain Planning Software 274

Logistics Viewpoints

OCTOBER 15, 2024

Technology Integration : Use of technology in logistics, inventory management, and supply chain tracking has helped improve efficiency and transparency. The group turnover for Amul in 2023-24 is Rs 80,000 crores ($10 billion), which is an increase from Rs 72,000 crores ($9 billion) in 2022-23.

Optimal Sourcing 271

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 271

Logistics Viewpoints

NOVEMBER 18, 2024

Corporate Knights also ranked the company the most sustainable company in its peer group and the 7 th most sustainable company overall. Interestingly, the inventory analysis often shows that for slow-moving products, centralizing those SKUs in a central storage location increases reliability despite the increase in lead times.

Supply Chain Design Software 285

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Planning Software 285

Supply Chain Shaman

APRIL 15, 2020

To adapt, I recommend that companies form two groups: Operational/Business Continuity Group. This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Evaluate Inventory. Evaluate inventory health weekly.

Supply Chain Planning Software 439

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 439

Supply Chain Shaman

FEBRUARY 4, 2025

Despite the evolution of technology, none of the 28 industry segments I follow can drive improvement at the intersection of operating margin and inventory turns. I define supply chain excellence as the ability to outperform an industry peer group during a time period. Change is Hard. Unlearning is Tougher. Guess what?

Supply Chain Design Software 221

Supply Chain Design Software Price Reduction Cost Reduction Strategies Supply Chain Planning Software 221

Logistics Viewpoints

OCTOBER 24, 2024

The Warner Music Group was an early adopter. They also cover supplier managed inventory, quality collaboration, manufacturing line collaboration, and asset collaboration. While SAP has had procurement analytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower.

SAP 276

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 276

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Both companies outperformed their peer groups.

Supply Chain Planning Software 418

Supply Chain Planning Software Forecasting Forecasting Software Modeling 418

Supply Chain Matters

MARCH 14, 2025

Supply Chain Matters highlights indications providing added evidence that manufacturers and retailers are front loading inventory management actions in attempts to initially hedge against added U.S. We cited indications of the post Lunar New Year ramp-up of global production levels to replenish inventories, more so than in prior years.

Inventory Reduction 52

Inventory Reduction Inventory Report Price Reduction 52

ToolsGroup

SEPTEMBER 30, 2024

This shift has led to a growing need for agile inventory management and quick delivery systems. The Challenges of Inventory Management in the Aftermarket Managing inventory in the aftermarket is uniquely challenging.

Manufacturing Procurement 156

Manufacturing Procurement Optimization Software Supply Chain Planning Software ToolsGroup 156

ThroughPut

FEBRUARY 18, 2025

In todays fast paced industrial world, inventory mismanagement poses substantial financial risks. With approximately $30 trillion of trade flowing from node to node, inventory rebalancing or mismanagement contributes to two major and often preventable issues: lost uptime, and lost sales. The Solution: ThroughPut.AI ThroughPut.AI

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Waste Reduction Cost Reduction Strategies 52

Supply Chain Shaman

JUNE 30, 2023

As a result, demand planning is largely manual, inventory management is a series of manual inputs, and production planning is via spreadsheet. Anne is a lean disciple and sees all inventory as Muda. She lacks the appreciation for the need for inventory as a buffer. I advised John to ask for help to improve inventory health.

Supply Chain Planning Software 322

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Eliminating Excel in Purchasing 322

Supply Chain Shaman

JANUARY 9, 2024

They are unconscious that they are underperforming their peer group and have not driven industry improvement. An average margin of 21% with inventory turns of 1.58 Sanofi Performance Versus Peer Group for 2013-2022 Similarly, I find 35% of companies following the pack not able to drive resilience in the face of market shifts.

Supply Chain Planning Software 298

Supply Chain Planning Software Pharmaceutical Supply Chain Planning Gartner 298

Logistics Viewpoints

JANUARY 18, 2024

This ensures the secure, high-capacity, and bi-directional transfer of essential information such as master data on products, customers, production-distribution infrastructure, transactional data on sales, inventory status and position, transportation execution data, external data e.g. competitor pricing, weather, recommendations, action triggers.

Supply Chain Software 311

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Network Design Software 311

Supply Chain Shaman

JANUARY 2, 2024

Many discussions focus on driving improvement through planning, yet, when I take the client case studies on the websites of leading planning technologies and map the intersection of operating margin and inventory turns, I do not see metric improvement, sustained performance, or an increase in value. As I write, I scratch my head.

Gartner 283

Gartner Supply Chain Planning Software Supply Chain Design Software Case Study 283

Supply Chain Shaman

SEPTEMBER 22, 2024

The group’s goal was to drive process innovation through collaborative networking. The group wanted to focus on models and engines, so the conversation was void of a discussion of outcomes. I want to broaden the discussions to focus on policy, strategy, and rules automation, but most groups cannot help themselves.

Cost Reduction Strategies 375

Cost Reduction Strategies Waste Reduction Inventory Reduction Supply Chain Planning Software 375

Supply Chain Shaman

SEPTEMBER 13, 2023

If S&OP efforts were that effective, don’t you think that we would have made more progress against inventory levels, margin, and growth? In part, this results in increasing swings in inventory in response to shifts in consumer demand as one moves further up the supply chain. Which brings me back to Anna. She is a disbeliever.

Supply and Demand 384

Supply and Demand Supply Chain Planning Software Modeling Demand Planning 384

The Logistics of Logistics

SEPTEMBER 26, 2024

Demo is a Founding Partner and Chief Commercial Officer of IPL Group , a Panama based 3PL that helps companies expand their business into the Latin American market by simplifying order fulfillment and regional distribution. About IPL Group IPL Group helps global firms expand their business into the Latin American market.

Panama 246

Panama America Logistics Network Optimization Software Costa Rica 246

ToolsGroup

JUNE 17, 2021

Right-sizing inventory. Avoiding inventory overages and shortages begins with a better forecast, but also requires a smarter inventory strategy. Differentiated customer service classes enable alignment of order fill rate targets by groups to the organization’s go-to market strategy.

Forecasting 295

Forecasting Forecasting Software Modeling Supply Chain Planning Software 295

Logistics Viewpoints

FEBRUARY 2, 2023

Providing customers self-service access to their inventory data relieves 3PL staff from answering calls regarding inventory on hand for promotions, expiration dates connected to lot numbers and quantities, “available to promise” stock across multiple locations, and more. To learn more, visit Open Sky Group today.

Supply Chain Planning Software 262

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 262

Logistics Viewpoints

DECEMBER 15, 2022

The idea is that data points within a group share similar properties, and each group is different (statistically speaking) from another. Retailers can apply cluster analysis techniques in different ways to find groups of customers, products, stores, or suppliers that behave similarly. The retail industry is rich with data.

Optimal Sourcing 253

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 253

Supply Chain Shaman

NOVEMBER 21, 2023

My client attempted to have a supply chain discussion to improve flow, and his executive group just did not get it. In the early 1980s, As a result, we did not have a perpetual inventory signal. Without a perpetual inventory signal, we were never synchronized on where to place customer orders. His view was very transactional.

Supply Chain Planning Software 337

Supply Chain Planning Software Inventory Reduction Supply Chain Design Software Cost Reduction Strategies 337

Supply Chain Shaman

APRIL 9, 2021

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.

Supply Chain Planning Software 360

Supply Chain Planning Software Procurement Analytics Supply Chain Performance Manufacturing Procurement 360

ToolsGroup

APRIL 17, 2024

The impact of AI and GenAI extends beyond traditional boundaries, with major tech groups like Google and Apple realigning their offerings to harness its potential. Marcello Pace, CEO of Scarpe & Scarpe , highlighted one such case, showcasing the transformative impact of AI and data in addressing inventory and margin challenges.

Supply Chain Design Software 294

Supply Chain Design Software Waste Reduction Supply Chain Planning Software Inventory Reduction 294

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. When we compare the results of P&G to its peer group for 2012-2021, P&G outperforms in inventory turns and margin but underperforms in growth and asset utilization. Was this by design?

Procurement Analytics 337

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 337

Logistics Viewpoints

JULY 1, 2024

Waving intelligently groups the tasks that need to be completed to reduce associate travel times and improve throughput. The more orders it downloads, the greater the ability of the AMR system to intelligently group orders and increase throughput. Ultimately, the key to better optimization is who owns the inventory.

Optimization Software 277

Optimization Software Supply Chain Planning Software Supply Chain Optimization DC 277

ToolsGroup

JULY 29, 2021

You set aggregate and service class goals for different product groups or markets; the planning system will automatically translate customer service goals into SKU level service targets for each item within each service class. ? The results: a 33% inventory reduction and product availability increased to 96%.

Supply Chain Planning Software 295

Supply Chain Planning Software Supply and Demand Supply Chain Design Software Modeling 295